Re: Pangaea 2: juniors exploring in Nevada
in response to
by
posted on
Jan 10, 2009 01:36PM
The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
couch,
no one knew that the market was going to collapse like it did. victoria seems to do the best they can with spending and the game plan. i don't fault them for anything. there were heavy costs to drill for everyone last year. we are trying new techniques to find gold that most others don't even know is there. they will not bat 100% on every drill hole in finding gold or having drilling perfection without deviation or challenges when they test new waters.
we still have life here and a future, that should not be underestimated in this market where most of the juniors will be gone or so damaged as to be ineffective.
The positive chances with this company so far out weight the chances of more dilution and or takeover it is near a non issue to me. i have no control over it anyway. it is just part of the equation and doing business in the mining sector as a shareholder.
i am fully on board with VIT, just to make that clear to you.